Summary of BLUEGREEN CORP - Yahoo! Finance

Change in Directors or Principal Officers, Submission of Matters to a Vote of Secu

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

At the Annual Meeting of Shareholders (the "Annual Meeting") of Bluegreen Corporation (the "Company") held on December 13, 2012, the Company's shareholders approved the Company's 2011 Long Term Incentive Plan (the "Plan") by the following vote:

                                  Broker
  Votes      Votes                 Non-
   For      Against  Abstentions   Votes

20,166,060 4,507,612 26,909 5,443,337

Detailed information regarding the Plan and related information required pursuant to applicable rules and regulations of the Securities and Exchange Commission (the "SEC") is set forth on pages 21 through 24 of the Company's Definitive Proxy Statement on Schedule 14A, filed with the SEC on November 19, 2012 (the "Proxy Statement"), the full text of the Plan is attached as Appendix A to the Proxy Statement, and each of such information and the full text of the Plan is incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The information set forth in Item 5.02 above regarding shareholder approval of the Plan is incorporated into this Item 5.07 by reference. At the Annual Meeting, the Company's shareholders also approved the election of eight directors to the Company's Board of Directors, in each case to serve for a term expiring at the Company's 2013 Annual Meeting of Shareholders, and ratified the appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal 2012.

The eight director nominees were elected by the following votes:

                                               Broker
                        Votes       Votes       Non-
Director                 For      Withheld     Votes
Alan B. Levan         23,509,271 1,191,310    5,443,337
John E. Abdo          23,545,611 1,154,970    5,443,337
James R. Allmand, III 20,243,795 4,456,786    5,443,337
Norman H. Becker      20,248,243 4,452,338    5,443,337
Lawrence A. Cirillo   23,935,963   764,618   5,443,337
Mark A. Nerenhausen   23,961,439   739,142   5,443,337
Arnold Sevell         20,265,250 4,435,331   5,443,337
Orlando Sharpe        23,939,717   760,864   5,443,337

The appointment of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal 2012 was ratified by the following vote:

Broker
Votes Votes Non-
For Withheld Abstentions Votes
29,492,968 629,830 21,120 0